New Delhi, April 16 -- Conservative investors tend to invest in fixed deposits (FDs) of banks for the security and assurance they offer. Here we examine the returns given by different post office schemes and compare them with those on fixed deposits of different banks.

Typically, most banks offer annual interest in the range of 6.6-6.7 percent on theirfixed deposits after the latest repo rate cut on April 9.

At the same time,small savings schemes have given a return of upto 7.5 to 8.2 percent based on the scheme you choose.

Let us dig deeper into it.

State Bank of India offers 6.7 percent per annum interest on one-year fixed deposit.HDFC Bank offers 6.6 percent interest, whileICICI Bank offers 6.7 percent and Kotak Mahindra Bank offer...